- THE CHINA · MAIL,
WEDNESDAY, APRIL 16, 1958.
TRANSPORTATION.
NEW MONTHLY EXPRESS SERVICE
N announcement of the
Auguration of
new monthly, Far East ex- Lakes press services by
Bros. Steamship Co., Inc., was made by their agents in Hongkong, the President Lines.
American
Lykes will inaugurate direct express service from US Gulf ports to Hongkong vla Manila with the soiling of the cargo- Bner ss Delly Tarman on May 31 mid at the end of each month thereafter. The transl time will be 35 days.
In addition to the new SCJ- vice, Lykes will continue
tea
Joulutalo its raid-mouth sailing tu Bungkong via Japan.
MONTHLY
A nthly express homeward
HKA PILOT FOR
VIP FLIGHT
Capt. Hodger APTAIN Allan J. Bod- ger, a senior pilot of Airways, is Hongkong
TRADE and
The New York
Stock Market
New York, Apr. 15. Stacks advanced smartly today in moderately active trading. Steels turned active near the close and finished the session as one of the upside leaders. Oils also met some late sup- port. Individual gains in the list ran past 2 points in a number of issues.
Guit of rose around 3 points,
in the oils, with most of the gain coming in the fast hour of Tending. Amerada was strong. US Steel pushed ahead NIOT! than 1 and Alena highlighted
the Ahambriums with a gain of
3. Du Pont jumped 2 in the chemicals.
The Talls,
which have Ied
the markel higher in the past five sessions, scored gains, run- ning to better than u point In a few of the lenders,
|
Mesnis Mining
Monsanta Chemical Co. Miation Developsient Montgomery Ward Motorols Inc.
COMMERCE SECTION
HONGKONG STOCK EXCHANGE
Our Own, Correspondent
1676
Business done on the Hong-
Exchange kong Stock morning amounted Lo proximately $218,000. Noon quotations and the morning's transactions were:
104 20%
31
''',
National Cali Reg. "A"
804
National Dairy Prod.
43
DANKS
BO
BK Dank
709 ..777.30
45%
East Asia
National Lead ....
National Steel Corp.
New York Central
Norfolk & Westers Ry.
Din Mathiesen
Olia Elevators Owen-Illinois Ginta Oxford Paper Co. Pretig das & Fire.
Pan American Airways Paramount Pictures Parkn Davis Co. Penny J. C. Co. Penn. Salt Co.
The five-dny advance has hip Morris refored mene than
Proctor & Gamble Co. $4 billionsbergh Plate Glass to market values.
Pubicker Industric
Of a total 1,134 issues traded Pare Oil
rrrvice from Hongkong to US slated to pilot the Viscount| 646 were higher, 243 lower.
Gulf ports via Japan will
the Turkish be airplane of
inmugurated with the or Regben · Prime Minister when he Tipton still from Hongkong makes his forthcoming slate on May 3. The transit time is 30 days. This will be followed visit to Japan.
Genevieve
A
Lykos thu by sailing on June 13, arriving at Howton on July 19.
Capt. Bodger will take over The controls of the Viscount in Aukare.
New York
Stock Exchange volume was 2,590,000 shares.
New York Stock Exchange boud volume was $5,810,000,
American Stock Exchange volume was 570,000 shores.
Hey tolds Metal
shell Oil Co,....
Sofar Aircraft
Dow-Jones clusing averages Bouth Puerto Rico Sugar
were:
Khares
Buyers Sellers Kalen
INSURANCES Union Lombard..
SHIPPING
Waterlooli
270
22.10
6.15 0.25 2,000 4 0,30
DOCKS. ETC.
100
.....
44.50
K. What XD Duck
af vigint (0) 11:30 18AJ LAND, LTC.
300 11.30
17.30 17 60
Employment In NEW YORK
Australia
Canberra, Apr. 15.
The Minister for Labour, Mr Harold Holt, has an- nounced a sharp improvement in employment throughout Australia. He said the number of men and women registered for employment at the Commonwealth employment service fell by 5,623 from 70,029 at February 28 to 64,406 at March 28.
LONDON STOCK MARKET
The tril of 4,025 in the num ber öl ́inates régistered for em- ployment was spread over all states except south Australia,
The number of females re- gistered fell in all states.
The number receiving un- Employment benefits througti- out Australia tell from 20,879 at March 1 to 24,485 at March 20.
ACTUAL
RUBBER MARKET
New York, Apr. 15. Rex rubber futures today closer higher to 6 points lower with sales.of 23 contracts.
Closing prices:
May: 20.00; July: 24.75: Nuvi 10.72;
Jan: 20.10; Mar: 20.00: May: 29.03. tred between deaferr an routine evening-up operation Specula- live interest nained dormanı, Most dutside traders transferred attention to other commedies like cocoa, coffee and cotton.
The small terminal irade cun-
Shipment offerings were re- ported "fair to moderate" but at prices too high to Interest ceal Spot No. 1 Ras wes buyers. quoted at 20% cents.
AMSTERDAM The rubber market was dull
All prices were today.
UF- changed,
SINGAPORE
London, Apr. 15. Stock market had a cheerful day, showing little or no unçasiness
the about budget. Institutions continued to pick up British Government bonifs, The actual regjuetion in mate 300 1200 Bing Old Consols by `Ela and recipients
unemployment War Loan by 3/16.
benesta
2,154 and was 33.25 14.50 14.00
Leading Industrials were spread over all states except 11.3 153 1,04 1.525 quiet with rises rarely more Victoria and South Australia than 6d. Oils were fairly active where reasonal Irult pleking
Petroleum with Shell, British
work tapered off. gad Burmah Oll all up 1/0. The largest fall in the num-
Spot rubber unbaled 23.tel demand for Germans which recipients occurred in Queens- No. I paid crepe
Ler of unemployment bencЛt Blanket crepe...
200110V
Tam 23.30 23.80 2.000
continen-
of
WAS
Eland where there was a reduc-
17.30 the 7 per cent 'Polash showed tion of 1,800. This was due to
The market was quieter with less demand for April shipment though 1% premium still ruled. Lower grade enquiry has been sporedle mainly for No. 2 Rss. Futures: No. 1 rubber per 1. Apr. 2714-33%
May 16%)+77) No. 2 rubber pis 1b. Apr. 73:1-74 No. J
(91)-70 07-12
No. 1
7832-6914
52.64
LONDON
B0-1
The rubber market was quiet
1,009 26.40 ses of C1 and C2, respec- the resumption of employment but steady with pot quoted at
tively, while the Young Loan by some meat and sugar Intur-23-13/10 peter pos ib. Prices
K Limd..
Radio Corporation Radio Corp. Pret
Humphrey's
719
Healty
Repubile Steel
392
Amalk
Brors, Roebuck & Co.
Trust XD
1.33 1.373 3.125
A. TAWAM..
Sonny Maila
Bint Res. Paper Sinclair O
ひきちん
UTILITIES
There was strong
Star Ferry
10:2
Younati
W
2018
C. Light
17.40 17.50
120
100 93.00 lifted
the non-arsened
Southern Co. (The) ...
09064 17.30
Southern National Gas...
3012
Electric
20.30 20.50
496.77 Standard Brands
$47.50 Bouthern Railway (Com)
Ten plane
20 10.20
5014
500 44 20 500 20
£534
73.77 Standard Oil of Ind Standard Out of N.J.
40132
$300
300 20
Sleep lock (Torontu Exge.) Sterling Drug Co.
DIS
STORES, ETC
30th Dalty
17.20 17.40
200 17.40
Stokely Van Camp.
13
300 17.30
Closing Prices
Sturtetaker-Packard Corp.
ALLG
Watson
5901130
Sunshine Mining
Swirl & Co.
34
PA COTTONS
50047 16.20
31
Textile
450 4.60
Alten the. Acgi.
320
the
Allied Chemicals Alled Mills ise.
24
Thin Water Assn. O
22724
11 INVESTMENTS
All:0 Sungro
3.60 1.40
32
The Inc,
J
Union Cathide
20 fails
tion
Es eineks 40 band
The RKA pilot, who is The new fast service hiweenisngilshnan and an ex-B.O.A.C.30 industrial Hongkong and US Gulf ports
Captain. Joined Hongkong Ab- will provide new economies for shippers and receivers marketing wags last year when the air-
The introduced Its Viscount ser Their goods in the Gulf and
vice, the first scheduled turbo- Min-Josippi Valley areas.
prop service in the Far East.
During his year of dying with
In inaugurating The new ser-
DC-
vices, Lykes recognises the gruw-1KA, Captain Bodger has Ing importance of US Gulf ports to Far East trade and is fellow ing a standing Lakes policy to Frumble this trade to the tullest.
cumuiated invaluable experience of the routes aver which Turkish Premier will ny.
A WAY TO CALM THE WAVES?
No
Stockholm, Apr. 15. [ORWEGIAN engineers
believe they have din covered a way to calm the surface of the sea in ports.
THE QUEEN
MARY
IN SOUTHAMPTON
THE
Southampton, Apr. 15. THE liner Queen Mary yesterday completed her first round-trip to the United States after having been fitted with stabilisers,
Experiments carried out In
Sir William Wallace, chair- the laboratory have yielded mon of Brown Brothers, the num promising results. Preparations that manufactured and fitted are now being made for trials on | the stabilisers, travelled on the .a larger sente.
The operon of the system is remarkably simple. A large plastic hose is fastened lo the
bettent of the sea. The walls of the boss are perforated at 24.gular intervals.
When air is pumped through the he under pressure, it cs-
voyage.
He said that the stabilisers worked "very well indeed."
5302 Comm. Kuture price index 131.63
Allis Chalmers Art Brake Hane American Airline American Cable & Rudia
Corp.
American Cvenanțid Co. Amer. & Fongn. Power Am. Gay & Electric Anti. Much. & F'dry. American Metal American Smelting Am. Sugar Ret. American Tel A. Tei American Tub. "D"
Anarcade Copper
Amico Sterl Anaour
Altas Cons. Mining aimore & Ohio
Baldwin-Elma-File%
Beneficial Fizange Bendix Aviation Corn, Benguet Cunя.... Bethlehem Sirel locing Airplane border (The) Co. Burroughs Add Machine comedian Pactile B.
Chee (1, 1) Co.
Cat, Tractor
Delanne Cors.
6. 3. T. Fironola) Diep. theyrier Melors..... Clucit Peabody....... Colgate Palmolive Cu. Colombian Carbon Cu,
1r added: "The liner, never mited more than one cud a hall degrees
un either side when they were in operation."—Chine | Commercial Credit Mail Special.
enpes through the perforations DRAMATIC MIDNIGHT
and rises to the surface of the
Ben
form of bubbles. SUN
the
in the When the bubbles Yeach surface they break up the waves, thereby smoothing the surface of the set.
The installation of the system
would al prove very costly. If further experiments are sticcers- ful, the system may be used in Norwegian ports exposed to the Atlantic.
RUN BY SAS
Commonwealth Fee. Continental Oil of Del Crown Zellerbach Cuban Auner. Sucar
Alkali
Diamond Maten c
Bongle Airerati Dow Chemical
Pont de Neistars
Fastum Atrile Eastman Kodak El Paso Nalluna) Gos Family Finance Corp.
Fresne Tyre & Stubber General Electric
Ford Motor
General Motors
Genu
Pub. U.
Clidden Co.
Goodyear Tyre
Stockholm, Apr. 15. CANDINAVIAN Airlines System's spectacular Midnight Sun Flights from Oslo und Stockholm beyond the Arctic CircleGoodrich tn. F. Co. will begin on May 31 this duir O A different
technique for year and extend to July Heyden Newport Carp. calming the sea has been deve-19, it was announced.
Huierslake Mining Cé. Ingersoll-Rand" the Taped in Germany, by
Inland Steel Co. Research Group
Rocket for
The fights to the region at interchemical Corp. Technique, is of more limited Norway and Sweden wherent Harvester.....
In Buzinery Machines application than the Norwegian for a month end a half-the sun international Nickel invention, being designed for is visible 24 hours a day, are International Paper
D-rescue operations, operated with a fleet of Douglas Tri & Tel Rockets led with all are DC-GD and Convair Metropoll-can-Manville Co
Power & tan 440 airliners. aimed at the surface of the seo
Kennrrott Cupper where. rescue
operations are The dramatic Midnight Sun Liggett Meyers Tob. Co. taking place. Brenking on im- excursions include a traditional Lockheed Aircrati
Loews Incorp, pact, they spread oil over the Scandinavian "midnight supper" Lone Star Cement Co. surface of the scu smoothing in the far north, and sightseeing Lowenstein the waves, and making the job on a majestic sente: rugged McDonell caster,
fjords, glaciers, towering moun-
use it
intra
tains.
& Sons.
Aircraft Stock ExERYT Meraki kun Corp.
The Midnight Sun photographed at half-hour - Interuale from 11.00 p.m. to 1.00 am,
Texas Co.
Textzun Inc.
4/8 Twentieth Century Fox Film
1516 Union Dil of
41
Union Pacific Railway Uniteri &
#72 | 1.S. Felt "
Corp.
123 | U.S. Gypsum 4U.S. Line Co. 30-| 11.5. Rubber
201
U Sleet...
Westinghouse Electric Western Union Tel. Co. West Va. Pulp & Paper Woolworth
New
United Press.
L. Craw...
11.20 11.30 10.10
Exchange Rates
pen-asscnted gained £. The Japanese 1910s non-sscnted Jumped £ and hat of the 1930'a jell £; the assenteds fractions showed several changes. United Press,
New York Sugar Market
New York, Apr. 15.
Business was done in the local World No. 4 sugar futures
unancial
exchange market tha
morning at the following rates:-
US dollar per $11
5.63
Sterling notes (per £1)
1003
Australien notes (per £11
Indonesian rupiah (per 1001
10.05
Slam Heal per 100)
24.44
Singapore Siraiza
4 גג
York Cotton Market
New York, Apr. 15.
closed today unchanged
to two points lower with sales of 361 contracts. Domestic No,'0 sugar futures 10 closed unchanged to one point
130 Cul higher with les of tracts.
The caster raw iluallon
Commencement of trading in the October, 1959, delivery dominated dealings in cotton futures today. Mixed trading took place in other de- liveries, with the market responding to small orders either way.
A covering movement tallied
ples to the day's higha. At
the chre with the list fnishlug London Foreign
si-10-10 20 points higher:
The market opened up 2 to cit
First trade in Oct. 1950, was
314
4 points. New Orleans closed up to 13 points,
4230xd
25%
20
711)
111
13
BALT
Exchange
London, Apr. 15.
made at 34.35 ents a pound. Closing rates were: Afterward, the přlév ran up to
35 cent near the
level. The New York
Kontreal discount of around 1 sent a Ainsterdam pound under current October, Frankfurt traders felt, reflected prospects Milan Parta for new farm legislation next
Stockholm along with a
year,
passibilities Vienna
2014-10-13/10 2.73)2-2.73-3/10 20.61-10.0144 11.738-11.73 174514-3740 11804-
14.00-14.50
73.67-72.70
Other unchanged.-United Press,
of lower price supports and Drum] increased acreage allotments.
The New York Cotton Ex-
301
201
7211
change Service
334 timated
Вигоди
E
domestic consumption
30%
firs! 421 of all raw collon for the
434 weeks of this 'season' al 5,448,000 bales against 5,059,000 bales in the same 35-week period last year.
ונד,
14
2
20
Liverpool futures closed un- changed to off one English point. The market was $20 to 608 American under New York futures,
Exports of raw cotton today totalled 40,443 bales bringing ful for the season to 4,108,956 beles vs. 5,639.102 bales last tar, according to the New York Cotton Exchange.
NEW YORK
Prices of cotton jutures closed as follows:
Spot: 36.00: May: 33: J: 3423: Oc: 30.05; Dec: 3016: Maz: 3093; May: 30M; July: 30.24; Oct: 34.02.
NEW ORLEANS
Prices of cotton Tutures closed as follows:
Spot: 3490; 20: 35.20; 30: 300 Dei: 347: Des: 39.78; Mari
May: 3091; July: 3024; Oct; 24.04.
LIVERPOOL
Colton future closings, in pence per lb. were as follows: Amerioan Contract
May/June July/Aug.
24.75
3.5.53
* 20 00 20.60
1xed Contract
Mar/Apr.
May/June July/Aug Oct/Nove 172/Jan 1.::/Apr.
"BAO PAULO Quotations
quated.
were all
un-
the Unlled States, the Aveinges price of one-inch saltou at 14 designated ROL inarkels was '34.00 "Brits.
Total sales at these markets
were NNPOIGR - United
Pres
brought scalierul liqustation
into the world contract, bul enerally traders were cautious, and expected the market ip continue to Auctuate narrowly, pending further developments In the Cuban rebellion.
factor One stabilizing proximity of current raw price to the minimum established 1:1 the international sugar agrees ment, traders said.
Contract No. 4 (world) May 3:35 July:
15
3.30: Sept: 3 39-40: Det: 3.30: Mar: 3.37; May: 3.37: July: 3.3
Spot cents per 1b.
fuh Cuba
Open interest: 6,379 coniracin.
Contract No. 0 (domestic) Myy73, July: 5.77; Sept 3.m; Nov 6.77: Spot-fcents per 1. ef contracts--
Open
"Interest: 2,310
Unite Prens.
New York Foreign Exchange
New York, Apr. 15. Closing roles were:
1.03 Canada
England official
50-day
++
13-day
2.81 15/10 181 18/10 2.70% 501
New Zealand 12.24-12.2435
Dthers unchanged.Unlied Prera.
'iru. L Seasonal
23 miln picking work w cause of the reduction.
There were more vacuncles Juro! men, mainly for
No. 1 spot...
Jime
July/Sept.
Oct/Det
2397-203%
try workerst.
Mr Holt said the number of
Cer Vacancion
Selitement house fermi
May
234-233
231-2012
2312-7322
Jan/Mar.
23-1312
Apr/May
General markets, eli baris, poštų
Apr.
May
23-2312 121-231%
thiri May
231
United Pre-
for
workers
workers
and building trades and for women as
ofllee and sales workers-China Mail Special,
Fataje Crete
thick Bay
Australia Threatens
To
Retaliate
Geneva, Apr. 15. Australia today threatened to take retaliatory action under the General Agreement on Tariffs and Trade if West Germany continued to apply quantitative restrictions on 18 per cent of its imports.
Mr Paul Phillips (Australia) | trid the inter-sessional com- mitee of the GATT that the novcunt of German import trde tus restricted, mostly in agricultural products W25 csimaled at £430 million
nunlly.
Mc Phillips described "deeply
statement
disappointing"
Bent posillon, Ausitalla would no alternative but lo hayo examine what retailatory measures it could take under árstele 23 of the General Agreements, he added.
Mr Inalah Frank (United States) said the German restric- asons were
his damaging to ecuntry's trade und they should
made yererday by be with Brown the German delegation that i possible. was intended to maintain the
soon
аз
He propored the establishment restrictions in spite of objec- of a working party to examine Hurk by ninny governments
that they were no longer just-in particular
The
German
Bed for balance of payments marketing law under which 11 per cent of the restricted Im- ressons.
ports fell-Including grain, The German statement re- sugar, milk and fat, livestock minded the Australian delegate and meal.
Dfw gramophone record stuck
in a groove" and the Bonn Gay-
ment should harmonise policy with GAÏT Fules.
Of the other restricted in
poris, five per cent afe other aelicultural products and food, West German gord two per cent industial pro- ernment adhered to its pre- ducts-Reuter,
If the
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